Washington (CNN) - Outgoing House Speaker Nancy Pelosi said Friday she will run for minority leader, even as some moderate and conservative Democrats have said she should step aside. Pelosi made the announcement on Twitter: "Driven by the urgency of creating jobs & protecting #hcr, #wsr, Social Security & Medicare, I am running for Dem Leader."

Washington (CNN) – Politics is serious business - but not all of the time. From the halls of Congress to the campaign trail, there's always something that gets a laugh. Here are some of the things you might have missed.

Washington (CNN) – President Barack Obama on Friday hailed new "encouraging" job numbers and said it is imperative that Democrats and Republicans work together to improve the economy.

"Based on today's jobs report, we've now seen private sector job growth for 10 straight months. That means that since January, the private sector has added 1.1 million jobs," he said at the White House after the Labor Department reported that the economy added 151,000 jobs in October.FULL STORY

New York (CNNMoney.com) - Thanks to voters, alcohol will no longer be taxed in Massachusetts. Candy won't be subject to a levy in Washington anymore. And California drivers won't have to pay a proposed $18 fee to fund state parks.

State residents aren't feeling very generous these days, even though now is when government officials say they need the tax money the most.FULL STORY

New York (CNNMoney.com) - The congressman likely to supplant Rep. Barney Frank as chairman of the House Financial Services Committee is asking regulators to carefully consider the implications of a new rule designed to limit risky trading.

Rep. Spencer Bachus, a Republican from Alabama, warns in a letter sent to Treasury Secretary Tim Geithner and the Financial Stability Oversight Council that an overly-strict implementation of the Volcker Rule will spark a "mass exodus" of clients from U.S. banks to their competitors abroad.FULL STORY

Washington (CNN) – Fresh off an electoral bruising for his Democratic Party, President Obama heads to India on Friday to launch a 10-day Asian trip intended to expand export markets and strengthen security cooperation in what he considers a region vital to U.S. interests.

The trip to India, Indonesia, South Korea and Japan encompasses a G-20 summit, an Asia-Pacific Economic Cooperation summit, major holidays in India and Indonesia, and bilateral talks with Chinese President Hu Jintao and at least five other leaders, as well as four presidential news conferences.FULL STORY

Washington (CNN) – One wish of many Republicans and conservative voters seems certain to come true in the aftermath of the midterm congressional elections - there won't be any more sweeping reform legislation like the 2,000-plus page health care bill for a while.

President Barack Obama has conceded as much since Democrats lost majority control of the House and had their Senate majority narrowed this week, telling reporters that a piecemeal approach to major issues is the best way forward.FULL STORY